Movement Labs Suspends Co-Founder Amid Market Maker Controversy

Movement Labs, one of the most closely watched Ethereum layer-2 startups of the past year, is in freefall. On Thursday, the company announced it had suspended co-founder Rushi Manche as it grapples with the fallout from a controversial token arrangement that saw 66 million MOVE tokens dumped on the open market, sparking internal and public backlash. “This decision was made in light of ongoing events and as the third-party review is still being conducted by Groom Lake regarding organizational gov...

Movement Labs, one of the most closely watched Ethereum layer-2 startups of the past year, is in freefall. On Thursday, the company announced it had suspended co-founder Rushi Manche as it grapples with the fallout from a controversial token arrangement that saw 66 million MOVE tokens dumped on the open market, sparking internal and public backlash. “This decision was made in light of ongoing events and as the third-party review is still being conducted by Groom Lake regarding organizational gov...

US Treasury Moves to Cut Off Cambodia’s Huione Group From Financial System Over $4B Laundering Claims

The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) proposed actions Thursday to sever Cambodia-based Huione Group from the U.S. financial system. "For years, Huione Group has laundered illicit proceeds from cybercrimes," the agency said in a notice of proposed rulemaking under Section 311 of the Patriot Act, identifying Huione as a "primary money laundering concern." Section 311 provides the U.S. Treasury Secretary with "a range of options" that can be adapted to target...

The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) proposed actions Thursday to sever Cambodia-based Huione Group from the U.S. financial system. "For years, Huione Group has laundered illicit proceeds from cybercrimes," the agency said in a notice of proposed rulemaking under Section 311 of the Patriot Act, identifying Huione as a "primary money laundering concern." Section 311 provides the U.S. Treasury Secretary with "a range of options" that can be adapted to target...

Texas Lawmaker Urges US Government to Put Crypto ATMs in Federal Buildings

As Trump continues to promote crypto and meme coins, a Texas lawmaker is jumping on the bandwagon with a plan to bring digital currency even closer to everyday Americans by installing crypto ATMs in federal buildings. Rep. Lance Gooden (R., Texas), a Republican representing Texas' 5th congressional district, wrote to General Services Administration’s acting administrator Stephen Ehikian on Thursday, urging the agency to embrace crypto infrastructure through the addition of the machines. The GSA...

As Trump continues to promote crypto and meme coins, a Texas lawmaker is jumping on the bandwagon with a plan to bring digital currency even closer to everyday Americans by installing crypto ATMs in federal buildings. Rep. Lance Gooden (R., Texas), a Republican representing Texas' 5th congressional district, wrote to General Services Administration’s acting administrator Stephen Ehikian on Thursday, urging the agency to embrace crypto infrastructure through the addition of the machines. The GSA...

Kraken Flags Suspected North Korean Job Applicant Attempting to Infiltrate Exchange

A routine job interview at crypto exchange Kraken turned into a covert investigation after a job candidate raised suspicions of being a North Korean operative. Rather than end the process, Kraken opted to continue the interviews to gather insight into the tactics being used.   What began as a standard hiring process for a remote engineering role escalated into what Kraken described as an "intelligence-gathering operation," the company said in a blog post published Thursday. North Korea’s efforts...

A routine job interview at crypto exchange Kraken turned into a covert investigation after a job candidate raised suspicions of being a North Korean operative. Rather than end the process, Kraken opted to continue the interviews to gather insight into the tactics being used.   What began as a standard hiring process for a remote engineering role escalated into what Kraken described as an "intelligence-gathering operation," the company said in a blog post published Thursday. North Korea’s efforts...

Official 'Black Mirror' Token Turns Social Credit Into Crypto Game

What would you give to earn cryptocurrency? Would you let an AI track your every online move? Those questions underpin an interactive experience built around the upcoming Black Mirror token, an official cryptocurrency announced Wednesday and inspired by Netflix’s hit dystopian series. Built on KOR Protocol, which is backed by the likes of Animoca Brands, Niantic Labs, and Avalanche, the Black Mirror Experience features a virtual assistant named Iris. She tracks user behavior and assigns reputati...

What would you give to earn cryptocurrency? Would you let an AI track your every online move? Those questions underpin an interactive experience built around the upcoming Black Mirror token, an official cryptocurrency announced Wednesday and inspired by Netflix’s hit dystopian series. Built on KOR Protocol, which is backed by the likes of Animoca Brands, Niantic Labs, and Avalanche, the Black Mirror Experience features a virtual assistant named Iris. She tracks user behavior and assigns reputati...

Dementia Risk Tied to Biological Age in New Study

Aging faster on the inside—even if you're still young on the outside—could raise your risk of dementia, a new study from Zhengzhou University in China found. The research showed that biological age, or how well the body is functioning, can be a stronger predictor of dementia risk than chronological age. The study, published on Wednesday in Neurology, the journal of the American Academy of Neurology, used data from the UK Biobank and tracked 280,918 people with an average age of 57 over a 14-year...

Aging faster on the inside—even if you're still young on the outside—could raise your risk of dementia, a new study from Zhengzhou University in China found. The research showed that biological age, or how well the body is functioning, can be a stronger predictor of dementia risk than chronological age. The study, published on Wednesday in Neurology, the journal of the American Academy of Neurology, used data from the UK Biobank and tracked 280,918 people with an average age of 57 over a 14-year...

Civitai Faces Angry Users After Banning Kinky Content From its AI Art Site

Civitai, once considered the Wild West of AI-generated art—and one of the last remaining havens where almost anything goes— triggered a community-wide meltdown after rolling out stringent new content guidelines last week. While the site wasn’t explicitly a porn site, it did cater to several NSFW communities including furries, adult-oriented anime, extreme BDSM and more. “We're updating our policies to comply with increasing scrutiny around AI content. New rules ban certain categories of content,...

Civitai, once considered the Wild West of AI-generated art—and one of the last remaining havens where almost anything goes— triggered a community-wide meltdown after rolling out stringent new content guidelines last week. While the site wasn’t explicitly a porn site, it did cater to several NSFW communities including furries, adult-oriented anime, extreme BDSM and more. “We're updating our policies to comply with increasing scrutiny around AI content. New rules ban certain categories of content,...

Canary Capital Seeks SEC Approval for First Sei ETF With Staking

Crypto funds issuer Canary Capital has applied for the first exchange-traded fund based on the performance of SEI, the token of the Sei layer-1 blockchain, according to a filing with the U.S. Securities and Exchange Commission on Thursday. The Canary Staked Sei ETF includes staking, allowing investors to earn extra yield on their investment. “The Trust’s investment objective is to…..provide exposure to the price of Sei held by the Trust,” the filing said. “A secondary investment objective is for...

Crypto funds issuer Canary Capital has applied for the first exchange-traded fund based on the performance of SEI, the token of the Sei layer-1 blockchain, according to a filing with the U.S. Securities and Exchange Commission on Thursday. The Canary Staked Sei ETF includes staking, allowing investors to earn extra yield on their investment. “The Trust’s investment objective is to…..provide exposure to the price of Sei held by the Trust,” the filing said. “A secondary investment objective is for...

Eric Trump Says 'Woke Cancel Culture' Led Him to Bitcoin, Crypto

Eric Trump, the son of President Donald Trump, said that it was “woke cancel culture” coming after his family that led him to embrace crypto—with the Trumps making many moves in the space in recent months. The Trump Organization's executive vice president claimed that the “some of the biggest banks in the world” canceled his accounts with them—as well as accounts for other family members—at the tail end of President Trump’s first term. He believes this happened as a result of the “woke cancel cu...

Eric Trump, the son of President Donald Trump, said that it was “woke cancel culture” coming after his family that led him to embrace crypto—with the Trumps making many moves in the space in recent months. The Trump Organization's executive vice president claimed that the “some of the biggest banks in the world” canceled his accounts with them—as well as accounts for other family members—at the tail end of President Trump’s first term. He believes this happened as a result of the “woke cancel cu...

Crypto Influencers Lured by $350K Airdrop to Launch Solana Meme Coins

Crypto influencers with major reach on X (formerly known as Twitter) have the opportunity to claim hundreds of thousands of dollars worth of tokens from Boop.fun, a new token launchpad and Pump.fun competitor on Solana—but they have to launch a token to do so.  The platform’s launch and airdrop mechanism has generated a lot of attention among crypto participants, but created an ethical and moral dilemma for some users in the process.  “If you were offered a $200,000 airdrop to launch a token, wo...

Crypto influencers with major reach on X (formerly known as Twitter) have the opportunity to claim hundreds of thousands of dollars worth of tokens from Boop.fun, a new token launchpad and Pump.fun competitor on Solana—but they have to launch a token to do so.  The platform’s launch and airdrop mechanism has generated a lot of attention among crypto participants, but created an ethical and moral dilemma for some users in the process.  “If you were offered a $200,000 airdrop to launch a token, wo...

Strategy Plans to Raise Another $21 Billion to Buy Bitcoin Following Q1 Loss

Strategy, formerly known as MicroStrategy, reported a decline of $16.49 per common share in the first quarter of 2025—a result of Bitcoin’s price plunge during the span, the leading Bitcoin treasury firm announced Thursday after equity markets closed. The Tysons Corner, Virginia-based company recorded a loss of $5.9 billion on its Bitcoin holdings for the period. Strategy said that it would issue a new $21 billion common stock equity offering, with co-founder and Executive Chairman Michael Saylo...

Strategy, formerly known as MicroStrategy, reported a decline of $16.49 per common share in the first quarter of 2025—a result of Bitcoin’s price plunge during the span, the leading Bitcoin treasury firm announced Thursday after equity markets closed. The Tysons Corner, Virginia-based company recorded a loss of $5.9 billion on its Bitcoin holdings for the period. Strategy said that it would issue a new $21 billion common stock equity offering, with co-founder and Executive Chairman Michael Saylo...

Myriad Moves: Predictions on Strategy's Bitcoin, Fed Rate Cuts, Pope Conclave and More

The rise of prediction markets has given crypto participants a wide array of opportunities to test their knowledge of markets, politics, pop culture, and more.  By using a prediction market like Myriad, users can follow or wager on a real-time, community-sourced indicator of an event’s likelihood, potentially cashing in on their knowledge in the process. What’s popping on Myriad this week? Here’s a look at some of the most interesting, active, and newsworthy markets right now, including current...

The rise of prediction markets has given crypto participants a wide array of opportunities to test their knowledge of markets, politics, pop culture, and more.  By using a prediction market like Myriad, users can follow or wager on a real-time, community-sourced indicator of an event’s likelihood, potentially cashing in on their knowledge in the process. What’s popping on Myriad this week? Here’s a look at some of the most interesting, active, and newsworthy markets right now, including current...

Bitcoin Rises as ‘Magnificent 7’ Earnings Fuel Risk-Taking

The price of Bitcoin climbed above $97,000 on Thursday after positive earnings results from Microsoft and Meta sent stocks rallying on Wall Street, despite a warning from the former that sweeping tariffs will crush countless small businesses. The original cryptocurrency was recently changing hands around $96,600, a 2.7% increase over the past 24 hours, according to crypto data provider CoinGecko. Altcoins showed bigger gains, with Ethereum and Dogecoin rising 3.5% to $1,850 and 5% to $0.18, resp...

The price of Bitcoin climbed above $97,000 on Thursday after positive earnings results from Microsoft and Meta sent stocks rallying on Wall Street, despite a warning from the former that sweeping tariffs will crush countless small businesses. The original cryptocurrency was recently changing hands around $96,600, a 2.7% increase over the past 24 hours, according to crypto data provider CoinGecko. Altcoins showed bigger gains, with Ethereum and Dogecoin rising 3.5% to $1,850 and 5% to $0.18, resp...

Dao5 Closes $222 Million Funding Round to Shape Institutional Interest in Crypto

Investment firm dao5 has raised $222 million to close out its second fund, with an aim to nurture institutional interest in cryptocurrencies. The multi-strategy investment vehicle brings dao5's total assets under management to roughly $550 million, according to the firm's announcement on Thursday. “Crypto is entering its adolescence phase,” dao5 founder and general partner Tekin Salimi said Thursday in a statement. “The industry’s dependency on pure speculation as the driver of growth is no long...

Investment firm dao5 has raised $222 million to close out its second fund, with an aim to nurture institutional interest in cryptocurrencies. The multi-strategy investment vehicle brings dao5's total assets under management to roughly $550 million, according to the firm's announcement on Thursday. “Crypto is entering its adolescence phase,” dao5 founder and general partner Tekin Salimi said Thursday in a statement. “The industry’s dependency on pure speculation as the driver of growth is no long...

CIA Deputy Director Calls Bitcoin ‘Another Tool’ in Fight Against China

The deputy director of America's Central Intelligence Agency called Bitcoin and other cryptocurrencies "another tool in the toolbox" that the U.S. can use to fight its adversaries in an interview Wednesday. Michael Ellis, who was sworn in as deputy director of the CIA in February, said on crypto influencer Anthony Pompliano's podcast that the agency could use them to position itself against competition like China.  "It's another area of technological competition where we need to make sure the Un...

The deputy director of America's Central Intelligence Agency called Bitcoin and other cryptocurrencies "another tool in the toolbox" that the U.S. can use to fight its adversaries in an interview Wednesday. Michael Ellis, who was sworn in as deputy director of the CIA in February, said on crypto influencer Anthony Pompliano's podcast that the agency could use them to position itself against competition like China.  "It's another area of technological competition where we need to make sure the Un...

Strategy Stock Nears 2025 High as Bitcoin Inches Closer to $100K

Strategy's stock has soared, coming within a dollar of its highest price this year ahead of the software company's Q1 earnings report Thursday—and just as the price of Bitcoin itself edges closer to the $100,000 mark. The Nasdaq-listed stock (MSTR) was recently trading above $400 a share, up over 4% on Thursday, Yahoo Finance data shows. It hit a Thursday high of $403.90, as of this writing, coming just short of a 2025 peak of $404.42 setthe day after President Trump's inauguration on January 21...

Strategy's stock has soared, coming within a dollar of its highest price this year ahead of the software company's Q1 earnings report Thursday—and just as the price of Bitcoin itself edges closer to the $100,000 mark. The Nasdaq-listed stock (MSTR) was recently trading above $400 a share, up over 4% on Thursday, Yahoo Finance data shows. It hit a Thursday high of $403.90, as of this writing, coming just short of a 2025 peak of $404.42 setthe day after President Trump's inauguration on January 21...

Tether Reports Q1 Profit Above $1 Billion, Down From 2024 Amid Bitcoin Yield Decline

Stablecoin giant Tether reported a profit in excess of $1 billion in the first quarter of 2025—a figure that, while substantial, marks a significant downturn from reported profits from Q1 2024. In an attestation released Thursday, the company said it made just north of a billion dollars in profit in the first quarter this year, largely thanks to yields generated by the massive quantity of U.S. Treasuries it holds in reserve. A specific profit figure was not provided in the press release or attac...

Stablecoin giant Tether reported a profit in excess of $1 billion in the first quarter of 2025—a figure that, while substantial, marks a significant downturn from reported profits from Q1 2024. In an attestation released Thursday, the company said it made just north of a billion dollars in profit in the first quarter this year, largely thanks to yields generated by the massive quantity of U.S. Treasuries it holds in reserve. A specific profit figure was not provided in the press release or attac...

Movement Plunges to All-Time Low After Coinbase Says It Will Delist Ethereum L2 Token

MOVE, the native token of Ethereum layer-2 network Movement, crashed to an all-time low price on Thursday after major cryptocurrency exchange Coinbase said that it will suspend trading for the token this month. “We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on recent reviews, we will suspend trading for Movement (MOVE) on May 15, 2025, on or around 2 PM ET,” the exchange said on X, formerly Twitter. MOVE is down nearly 14% on the day to a price...

MOVE, the native token of Ethereum layer-2 network Movement, crashed to an all-time low price on Thursday after major cryptocurrency exchange Coinbase said that it will suspend trading for the token this month. “We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on recent reviews, we will suspend trading for Movement (MOVE) on May 15, 2025, on or around 2 PM ET,” the exchange said on X, formerly Twitter. MOVE is down nearly 14% on the day to a price...

Sui Price Pops 9% as 21Shares Seeks SEC Approval for ETF

Crypto asset manager 21Shares applied for an exchange-traded fund tracking the price of Sui, according to a filing with the U.S. Securities and Exchange Commission on Wednesday. The 21Shares Sui ETF aims to broaden investors’ access to the native token of the layer-1 network designed for high-speed transactions, which has been dubbed by some as a “Solana Killer.” The filing  named Coinbase as a custodian to safeguard investors’ funds, according to the registration statement, but did not specify...

Crypto asset manager 21Shares applied for an exchange-traded fund tracking the price of Sui, according to a filing with the U.S. Securities and Exchange Commission on Wednesday. The 21Shares Sui ETF aims to broaden investors’ access to the native token of the layer-1 network designed for high-speed transactions, which has been dubbed by some as a “Solana Killer.” The filing  named Coinbase as a custodian to safeguard investors’ funds, according to the registration statement, but did not specify...

'MapleStory N' Avalanche Crypto Game Launching This Month

Nexpace, a blockchain company backed by South Korean gaming giant Nexon, announced Thursday that its Web3 expansion of the popular MapleStory franchise will launch on May 15. The new game, MapleStory N, will blend the franchise's traditional 2D side-scrolling gameplay with crypto assets on the Avalanche blockchain, allowing players to own and trade in-game assets on-chain. The studio has launched its own dedicated Avalanche L1 chain called Henesys, which went live in April. "The launch of MapleS...

Nexpace, a blockchain company backed by South Korean gaming giant Nexon, announced Thursday that its Web3 expansion of the popular MapleStory franchise will launch on May 15. The new game, MapleStory N, will blend the franchise's traditional 2D side-scrolling gameplay with crypto assets on the Avalanche blockchain, allowing players to own and trade in-game assets on-chain. The studio has launched its own dedicated Avalanche L1 chain called Henesys, which went live in April. "The launch of MapleS...